BNET Business Dictionary

Business Definition for: White Squire

a shareholder who purchases a significant, but not controlling, number of shares in order to prevent a takeover bid from succeeding. A white squire is often invited to purchase the shares by the company to be acquired, and may be required to sign an agreement to prevent them from later becoming a black knight.

Additional Resources

Former White House Official Rob Lehman Joins Squire Sanders Public Advocacy: To: BUSINESS EDITORSTo: BUSINESS EDITORS; Tags: White House; Research articles 2007-11-09

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